The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Citi Private Bank says it has maintained an "overweight" stance on stocks in China, Hong Kong, Taiwan and South Korea.Asia Marketsread more
Stocks in Asia slipped on Tuesday, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the...Asia Marketsread more
A week of dovish fireworks out of the central banking community has just gone by with most of the world's leading central banks now guiding towards easing in light of downside...Commentaryread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
Mark Zuckerberg on Thursday dodged shareholder questions about his willingness to step down as Facebook CEO or chairman.
"A lot of the conversation, the comments and the proposals this morning have been about power, voting power, holding the chair and CEO role. Can you respond directly to the question of whether you would be willing to cede some of that power?" a shareholder asked Zuckerberg during the Facebook annual shareholder meeting.
Zuckerberg, who has majority voting control over Facebook's shares, addressed the question with a four-minute answer calling for government regulation to determine what speech is allowed on Facebook's service. He also touched on an effort by Facebook to allow the French government to study how its content practices and systems work. And he closed by discussing a forthcoming independent content oversight board that will have power to determine what content is and is not allowed on the social network.
"I'm very focused on making sure we take the right measures and not defaulting to things that seem like they might be easier to do but would not actually address the problems that we see," Zuckerberg concluded.
"But more directly, would you be willing to step down from your role as chair and cede your super voting shares?" the shareholder asked again.
"I think we're going to try to limit just to one question," a company representative told the shareholder.
"It's just a yes or no," the shareholder responded.
Zuckerberg did not respond directly to the question, but the company's actions at the shareholder meeting spoke louder than words.
The company faced two shareholder proposals that would've given shareholders more voting power, and another proposal that would've required the chair of the board to be someone independent of the company. Facebook swiftly rejected those proposals.
"I know what we all know about power is that once you have it it's very difficult to let it go," said the shareholder who asked Zuckerberg about ceding his power.